[Chinese shoes Network - News] Following the full-year results released Adidas, the world's largest sporting goods company Nike in Beijing on March 23 released the 2011/2012 third-quarter earnings. Despite the impact of a slowdown in the Chinese market, the two sporting goods giant still hand over the bright earnings.
In contrast, cultivating the Chinese sports brand in the domestic market would not that better than a day. Especially for the target consumer groups located in 90 after Li Ning (02331.HK), in the same time are difficult transition facing difficulties both from within.
Nike-expected performance
The report shows that Nike net profit of $ 560 million, up 7 percent from $ 523 million the same period last year. Bloomberg News survey, the survey of 19 analysts on average expected earnings per share for the third quarter of Nike $ 1.17. In the past 23 quarters, Nike's earnings have 22 quarters exceeded analyst expectations.
Nike said in the earnings report, this performance is mainly due to strong growth in sales in Retro jordans for sale North America as well as a substantial increase in new orders. Not included the impact of exchange rate conversion, Nike value of orders in North America and emerging markets on a substantial increase of 22%. Meanwhile, Nike total between March to July orders for footwear and apparel products to $ 9.4 billion, an increase of 15% over the previous year.
In addition to Nike, Adidas also recently announced the 2011 annual results, last year's revenues of 13.344 billion euros, excluding exchange rate factors, up 13%; p cheap jordans for sale mens rofit per share rose by 18%, a record high.
Although last year's performance exceeded expectations, but weakness in the Chinese market, it has allowed these foreign sporting goods giant well prepared. Adidas expects a slowdown due to the growth of the Chinese market, the company in 2012 revenue increased by only 5% to 9%.
Li Ning trouble
For the Chinese local brands, in addition to the performance of the past year has been the leading sporting goods companies in the domestic Anta (02020.HK) slightly better, Chin a Dongxiang (03818.HK), Olympic sports (01968.HK), United States g International (00953.HK) and other companies are expected to decline in the performance of last year.
Anta report shows that turnover increased by 20.2 percent to 8.9 billion yuan, gross profit increased 18.7%, profit attributable to shareholders increased by 11.5% to 1.73 billion yuan. But also a far cry from the rapid growth of a few years ago.
shoes and apparel industry commentators Magang told reporters that, after 10 years, Li Ning, Anta and o Cheap air jordans for sale ther companies with double-digit average annual growth of about 30%.
has occupied the top spot in the domestic sports brand Li Ning years not only did not get rid of the domestic market, foreign brands continue to lose ground offensive, the performance is also expected to decline.
In a recent performance forecast Li Ning said in the year 2011 equity holders of the profit margin is expected to fall from about 7 to 8 percentage points compared to 2010's 11.7%. In addition to the order in which the weak growth, inven cheap jordan shoes for men tory impact, costs and expenses rose also dragged down the earnings of the important reasons.
wholesale discount rate by the new policy and the impact of rising production costs, gross margin is expected to decline 47.3 percent in 2010 compared with about 1 to 1.5 percentage points. On aspects of the brand, product, human resources and other inputs, the overall expense ratio (including distribution costs and administrative expenses) is expected to increase by about 7 to 8 percentage points compared to 2010's 33 perc Retro jordans for sale ent.
Li Ning's multi-industry performance decline blamed its poor internal restructuring.
Following the successive resignation of Li Ning company executives to this year, Li Ning accepted the TPG and GIC investments amounted to 750 million yuan for the company's development, to Li Ning Company announced that it will conduct organizational restructuring, downsizing, improve operational efficiency and reduce personnel costs, can take shape.
Faced with this situation both inside and outside attack, Li Ning in the e cheap jordans online arnings report said, will continue to promote the channel change, strengthen two to four lines retail market efficiency, further clean up the retail end inventory, speed up cash flow.
However, the channel sink not only Li Ning, Nike's action seems faster, this international brand already in the layout of China second and third tier cities. Early in August 2010, Nike launched 300 yuan cheap shoes, representing the current price drop of 25%. Thus compared to Li Ning brand influence and the price advantage is even more cheap jordans for sale bleak.
The good news is, Li Ning first quarter of 2012 ordering data show that the number of orders reversing three consecutive quarters of decline, achieved positive growth, wherein the amount of footwear orders increased faster than apparel products. (Chinese shoes Network - the most professional and authoritative Footwear News)to celebrate Jordan's first NBA championship champion 23rd anniversary, specially in the cigar box champagne created this Air Jordan 6 champions. With the same tribute to the championship, cheap foamposites the two styles used different materials to make the vamp, and the details of the champagne were also noctilucent. There is no exact date for sale, or will be listed this summer. item: 384664-250 item: 384664-350 related information:classic shoes adidas Originals Stan Smith gives the impression is always clean and tidy, the identification of most of it is still simple white shoes. Recently, adidas Originals break the status quo, determined to Stan Smith to build a vibrant color, shoes decorated using colored stripes, appears to be free paint marker pen a lot, but the use of each hue are just right, followed by red "tail" as modified, white lining and outsole against each other. If you want to try a different kind of Stan Smith, then this would be a good choice. It is reported that the shoes will soon landed retail outlets worldwide.Zoom-Vomero-10_3.jpg (47.2 KB, download number: 0)
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